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Could someone provide a detailed info of the Extended Warranty & Maintenance Warranty?

I own a 2001 325i with 45K

I was quoted $2350 by a dealer in central jersey for Extended warranty with $50 deductible
( This is similar to insurance and also doesn't cover everything)

I am planning to get the Maintenance Coverage since it covers the scheduled Maintence (45K, 60K , 75K & 90K) for 2 addtional years(total 6 yrs). It also covers brakes.
I was quoted $985. Another dealer quoted $1095.

IMO the bmw extended warranty is too pricey for just 2 more years. In your case you probably will not get close to the 100k coverage limit anyways. As for maintenance, it is probably worth it if you plan to bring the car to the dealer for all the check ups.

I don't know all the details, but if your car is a 2001, then it came with the 3/36 Full Maintenence. Unless you bought the 4/50 extension, then your maintenence contract is expired (at 36,000 miles) and you won't be able to buy any maintenence extension agreement.